Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $2,072 per ton, falling by -16.4% against the previous year. In general, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 43% against the previous year. The import price peaked at $3,646 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($8,464 per ton), while the price for Brazil ($987 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced a decline.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $8,520 per ton in 2022, leveling off at the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) increased by +57.7% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 82%. As a result, the export price reached the peak level of $9,537 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($24,569 per ton), while the average price for exports to Nicaragua ($3,230 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador
In 2022, approx. 4.2K tons of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) were imported into Ecuador; growing by 3.6% on the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) fell to $8.8M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports reached the peak of $10M, and then reduced in the following year.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 3.0 | 5.3 | 5.7 | 21.2% |
| United States | 2.3 | 1.3 | 1.7 | 0.8 | -29.7% |
| Mexico | 0.5 | 0.4 | 1.0 | 0.7 | 11.9% |
| Colombia | 0.6 | 0.4 | 1.0 | 0.6 | 0.0% |
| Italy | 1.4 | 0.7 | 0.3 | 0.2 | -47.7% |
| Brazil | 0.3 | 0.3 | 0.2 | 0.1 | -30.7% |
| Chile | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.5 | 0.4 | 0.7 | 0.6 | 6.3% |
| Total | 8.8 | 6.6 | 10.1 | 8.8 | 0.0% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Ecuador in 2022:
- China (3211.6 tons)
- Mexico (249.1 tons)
- Colombia (240.2 tons)
- United States (215.2 tons)
- Chile (76.8 tons)
- Brazil (70.7 tons)
- Italy (25.8 tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador
In 2022, shipments abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) was finally on the rise to reach 68 tons after two years of decline. Overall, exports, however, faced a abrupt decrease.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $581K in 2022. In general, exports, however, saw a abrupt decrease.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 254 | 276 | 167 | 307 | 6.5% |
| Panama | 214 | 221 | 57.8 | 184 | -4.9% |
| Costa Rica | 28.5 | N/A | 17.1 | 47.4 | 18.5% |
| Chile | 20.6 | 62.3 | 37.4 | 31.8 | 15.6% |
| Nicaragua | 10.6 | 34.2 | 22.4 | 3.8 | -29.0% |
| Peru | 139 | 0.2 | 0.1 | 0.2 | -88.7% |
| Others | 22.9 | 8.8 | 32.0 | 6.6 | -33.9% |
| Total | 689 | 602 | 334 | 581 | -5.5% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Ecuador in 2022:
- Panama (43.6 tons)
- United States (14.9 tons)
- Costa Rica (6.8 tons)
- Chile (1.3 tons)
- Nicaragua (1.2 tons)
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